Yesterday, U.S. stocks opened with a sharp downwards direction following the bearish trend in the EU-zone session. However, the Dow Jones managed to move back upwards in a corrective movement and closing only -0.9% lower. The S&P 500 also followed the same movement, closing -1.05% lower. In the past 12 months, investors saw a +18.88% increase in the S&P 500 index, this may provide some interesting opportunities as we are entering the second quarterly earnings report season. The Nasdaq demonstrated the strongest reaction to the sharp downwards movements in the EU session as it closed at -2%. Another important perspective to keep in mind is that yesterday’s declines followed speculations that U.S stocks have risen too high. Last week the S&P 500 closed at an all time high as the Dow Jones reached above the 17,000 points for the first time.
Asian stocks fell on concerns about financial risks in Europe. The worries threatens to cut the longest streak of weekly gains in more than two years. Hang Seng closed -0.31% lower, the NIKKEI slid by 0.34%. However, the Shanghai Composite managed to climb by +0.43%. The MSCI Asia Pacific index dropped 02.% as 6/10 industry groups declined. The Japanese Topix index had its steepest weekly retreat since April.
July 11, 2014 – Indices News
Yesterday, U.S. stocks opened with a sharp downwards direction following the bearish trend in the EU-zone session. However, the Dow Jones managed to move back upwards in a corrective movement and closing only -0.9% lower. The S&P 500 also followed the same movement, closing -1.05% lower. In the past 12 months, investors saw a +18.88% increase in the S&P 500 index, this may provide some interesting opportunities as we are entering the second quarterly earnings report season. The Nasdaq demonstrated the strongest reaction to the sharp downwards movements in the EU session as it closed at -2%. Another important perspective to keep in mind is that yesterday’s declines followed speculations that U.S stocks have risen too high. Last week the S&P 500 closed at an all time high as the Dow Jones reached above the 17,000 points for the first time.
Asian stocks fell on concerns about financial risks in Europe. The worries threatens to cut the longest streak of weekly gains in more than two years. Hang Seng closed -0.31% lower, the NIKKEI slid by 0.34%. However, the Shanghai Composite managed to climb by +0.43%. The MSCI Asia Pacific index dropped 02.% as 6/10 industry groups declined. The Japanese Topix index had its steepest weekly retreat since April.
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